Aperio Group LLC Has $524,000 Stake in Xinyuan Real Estate Co., Ltd. (XIN)
Aperio Group LLC trimmed its stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) by 10.5% in the fourth quarter, Holdings Channel reports. The fund owned 76,879 shares of the financial services provider’s stock after selling 9,004 shares during the quarter. Aperio Group LLC’s holdings in Xinyuan Real Estate were worth $524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Xinyuan Real Estate during the third quarter worth about $115,000. Advisors Preferred LLC bought a new position in shares of Xinyuan Real Estate during the third quarter worth about $128,000. Pictet Asset Management Ltd. bought a new position in shares of Xinyuan Real Estate during the third quarter worth about $320,000. New York State Common Retirement Fund bought a new position in shares of Xinyuan Real Estate during the third quarter worth about $483,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Xinyuan Real Estate during the third quarter worth about $744,000. Institutional investors own 15.89% of the company’s stock.
Shares of Xinyuan Real Estate Co., Ltd. (XIN) opened at $6.11 on Friday. Xinyuan Real Estate Co., Ltd. has a one year low of $4.26 and a one year high of $8.29. The company has a market capitalization of $503.49, a P/E ratio of 6.50 and a beta of 1.58. The company has a debt-to-equity ratio of 2.86, a quick ratio of 2.25 and a current ratio of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.20 annualized dividend and a yield of 3.27%. Xinyuan Real Estate’s dividend payout ratio is currently 41.49%.
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Xinyuan Real Estate Profile
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.
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